On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
67° Feels Like: 67°
Wind: NNE 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 82°

Tonight

Isolated Thunderstorms 63°

Tomorrow

Thunderstorms 84°

Obama's re-election helps General Motors

by
A banner hangs on the front of the General Motors Co world headquarters announcing GM's return to NYSE in Detroit
A banner hangs on the front of the General Motors Co world headquarters announcing GM's return to NYSE in Detroit

DETROIT (WKZO) -- The re-election of President Obama is good news for General Motors.  It creates a clearer path for the government to begin selling some of its 32-percent stake in the automaker.

According to "Morningstar" analyst David Whiston, the Obama administration could unload the stake quickly and not have too much fallout.  On Monday, GM secured a new 11-billion dollar credit facility, adding to speculation that some of that money will be used to buy back some government shares.

Comments